us stocks mostly lower on weak us eurozone data
Last Updated : GMT 00:05:49
Arab Today, arab today
Arab Today, arab today

US stocks mostly lower on weak US, eurozone data

Arab Today, arab today

Arab Today, arab today US stocks mostly lower on weak US, eurozone data

A sign for Wall Street
New York - AFP

Wall Street stocks moved mostly lower in early trade Friday following disappointing US economic growth and eurozone inflation data.
About 35 minutes into trade, the Dow Jones Industrial Average stood at 17,385.96, down 30.89 points (0.18 percent).
The broad-based S&P 500 fell 5.97 (0.30 percent) to 2,015.28, while the tech-rich Nasdaq Composite Index edged up 0.82 (0.02 percent) to 4,684.23.
US economic growth came in at an annual rate of 2.6 percent in the fourth quarter, according to an estimate from the Commerce Department.
That marked a steep decline from the brisk 5.0 percent growth in the third quarter. Still, the data showed personal consumption expenditures rose a robust 4.3 percent.
Analysts also pointed to the drag from a eurozone inflation report, which showed consumer prices fell by a record 0.6 percent in January, raising fears that deflation is taking hold in the region.
Dow member Visa jumped 5.2 percent following news that fourth-quarter earnings rose 11.5 percent to $1.6 billion. The company also announced a four-for-one stock split.
Dow component Chevron slipped 0.4 percent as fourth-quarter earnings tumbled 29.6 percent to $3.5 billion largely due to the fall in oil prices. The petroleum giant announced a $35 billion capital investment program for 2015, 13 percent lower than last year.
Amazon bolted 10.7 percent higher after it posted a fourth-quarter profit of $214 million after two straight quarters of losses. The online retailer has faced pressure from shareholders criticizing its big growth-oriented investment strategy.
Google advanced 2.9 percent after fourth-quarter net income rose 40.9 percent to $4.8 billion. That translated into $6.88 per share, below the $7.11 estimated by Wall Street analysts.
Biotech company Biogen surged 10.4 percent as it reported that fourth-quarter net income nearly doubled to $883.5 million.
Costco Wholesale rose 1.0 percent after announcing a special dividend of $5 per share.
Bond prices rose. The yield on the 10-year US Treasury fell to 1.69 percent from 1.76 percent Thursday, while the 30-year dropped to 2.26 percent from 2.32 percent. Bond prices and yields move inversely.

arabstoday
arabstoday

GMT 22:40 2017 Wednesday ,22 November

Bahrain Bourse daily trading performance

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us stocks mostly lower on weak us eurozone data us stocks mostly lower on weak us eurozone data

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us stocks mostly lower on weak us eurozone data us stocks mostly lower on weak us eurozone data

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday